1207 Amber Forest Drive
About This Property
In 2021, a comprehensive remodel transformed the entire home, including all cabinets, countertops, carpet, grey flooring, bathroom toilets, vanities, and many light fixtures. The kitchen appliances are also brand new as of 2021, ensuring a modern and functional cooking experience. The home boasts two newer HVAC systems, installed at a cost of $18,000, and two 70-gallon water heaters located in the garage. Additionally, the plumbing has been upgraded from PVC to copper.
The whole interior of the house was painted in 2021, including the doors and ceiling, giving the home a fresh and contemporary feel. All the blinds have been replaced, adding to the modern aesthetic. The driveway has been repaved for many more years of enjoyment, and the freshly painted shutters warmly welcome you to your new home. The meticulously maintained yard is ready for your enjoyment and to make new memories.
Imagine yourself relaxing on the beautiful full front porch or the back deck, soaking in your serene surroundings. Cooking is a breeze with the open kitchen and inviting breakfast area. And don't forget the hot tub, which is only a year old, offering a perfect spot for relaxation.
This is it, you guys... come see it for yourself!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017